– Markets at new lows for the year and into September 2009 price territory, on the heels of April T&C sentiment decline into Sep-Oct 2009 territory in May 2010
– We are revisiting price zone from Sep-Oct 2009 after breaking the Nov 2nd, 2010 lows
– However, both BULLISH% didn’t give new lows, and BEARISH% is at a negative divergence from earlier highs
– Seems like a contrarian setup with these early July 2010 lows
– Markets are declining and NEUTRAL% is rising, BULL% and BEAR% are both declining – I say NEUTRAL% wins July 2010 – range trade.

Chanakya/Smartp
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